LeapRate Exclusive... Further to our exclusive coverage of the planned merger between leading retail forex MT4 brokers IronFX and FXDD, LeapRate has learned some more details regarding the plans, as well as the regulatory filing we alluded to in our earlier article. And, the identity of the public company which will be part of the…
Read moreFidessa group plc (LON: FDSA) today announced that it has signed a contract to provide cross-asset execution services to ABN AMRO Clearing (AAC). This allows AAC to offer its clients low-latency access to more than 110 futures, options, equities and FX markets worldwide via a globally consistent interface, delivered out of 11 key locations around…
Read moreMetaQuotes Software Corp. today announced that an updated website for the MetaTrader 5 multi-asset trading platform has been launched. The streamlined site features an enhanced look-and-feel and completely updated content. In addition, the number of supported languages has been increased to 7: the new site is available in English, Chinese, Spanish, Portuguese, French, Japanese and Russian.…
Read moreThe following guest post is courtesy of HiWayFX. [divide] On analysing the trends in consumer payments it can be seen that there has been a steady momentum built towards usage of card-based payment and usage of electronic modes of payments. It is worth highlighting that there have been on average more than 2.2 billion cards…
Read moreThe U.S. Commodity Futures Trading Commission has announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida entered an Order of Default Final Judgment against Defendant Rico Omar Cox (AKA Omar Negron) of Dania Beach, Florida, requiring restitution of $381,000 and imposing a $560,000 civil monetary penalty for…
Read moreSpeakerbus, the leading provider of innovative mission-critical voice collaboration solutions for financial institutions, today announced that ADM Investor Services International Ltd (ADMISI), a full service multi-asset brokerage company, has chosen Speakerbus’ iTurret solution as its specialist voice broking platform in London. ADM Investor Services has offices in Chicago, Hong Kong, Taiwan, Singapore, Mumbai and Gibraltar providing coverage…
Read moreGlobally regulated FIBO Group Holdings based out of Limassol, Cyprus with offices in Munich, Russia, Singapore and Vienna today announced that clients of the company now have another method for depositing funds into a trading account: CashU payment system. The CashU payment system has been in operation since 2002 and is very popular in Middle Eastern and North…
Read moreLeapRate has learned from sources close to the situation as well as from regulatory filings made late last week that retail Forex brokers IronFX and FXDD are planning to merge. At the same time, the merged company is planning to go public on Nasdaq via a reverse takeover of an existing publicly traded company. The transaction is…
Read moreLeapRate has learned via filings made to the London Stock Exchange that global investment bank Morgan Stanley (NYSE:MS) has sold down its stake in FCA regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) to below 3%. Morgan Stanley had been the second or third largest outside shareholder in Plus500 at just under 7%, after UK investment manager…
Read moreForex industry news at LeapRate this past week saw extraneous factors causing changes in the Retail Forex sector once again. There was our exclusive report on details of Saxo Bank's plans cut leverage and increase margin requirements for clients due to the upcoming Brexit vote. LeapRate broke the story of Singapore-based Phillip Capital, which has been…
Read more